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A Supplier’s Insights on “Invest-ability” of the Turkish Gas Market. YASED February 22, 2007 Per Myrvang, Statoil Turkey GM. This is Statoil. Integrated oil and gas company represented in 33 countries.

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a supplier s insights on invest ability of the turkish gas market
A Supplier’s Insights on

“Invest-ability”

of

the Turkish Gas Market

YASED February 22, 2007

Per Myrvang, Statoil Turkey GM

this is statoil
This is Statoil
  • Integrated oil and gas company represented in 33 countries.
  • Global Norwegian energy champion to be the world’s largest offshore operator w/ Hydro merger.
  • HQ Stavanger, Norway. 33,000 employees with Hydro.
  • 3rd largest seller of crude oil +substantial supplier of natural gas to Europe.
slide3

Continued growth on the NCS

A unique gas position

Need for private capital

De-regulation awakens potential

Strong international platforms

Strengthened downstream

Turkey is a “key” country for Statoil

  • Large market for LPG –Statoil one of the leading suppliers
  • Core market for our Caspian resources –largest market for Shah Deniz gas Phase I @ 6.6 bcm/p.a.
  • “Key” for transit in both BTC Oil and Shah Deniz Gas for markets beyond Turkey

Statoil’s strategic agenda

security of gas supply to europe
Security of Gas Supply to Europe
  • There is no supply shortage
    • Gas reserves in Europe, Central Asia, Caspian Region, Middle East and Africa have increased over the last few years.
  • Statoil as a gas producer and marketer is more concerned that the high level of demand will continue
    • increasing competition from coal and nuclear in the power sector
regulations must meet market needs
Regulations Must Meet Market Needs
  • Instead of worrying over long term supplies, we should worry about short-sighted politics and regulations—both in transit and consumer countries.
  • For instance, EU regulations on gas marketing are not in harmony with PSA regulations in many producing countries.
gas dis co s tendering process implications for gas safety
Gas Dis-Co’s Tendering Process Implications for Gas & Safety
  • Local gas distribution tenders tangent to zero margin
  • Long Term Business Safeguard reputation of gas as clean, safe & RELIABLE fuel requires commitment & competence  COST FACTORS
  • Lowest bid is not necessarily conducive to SAFETY first operations.
  • Experience
  • Investment Horizon
  • People Focus

should be prioritized

slide7

Investments in Transit Pipelines

  • Best solution will be found by:
  • Happy Producer <<---------->>Happy Customer
  • Happy Producer will require the understanding of all political and regulatory frameworks in the region
  • Only then will the Producer invest in necessary transit arrangements